Zacks Investment Research downgraded shares of ACI Worldwide (NASDAQ:ACIW) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “

Separately, BidaskClub lowered shares of ACI Worldwide from a hold rating to a sell rating in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $26.00.

Shares of ACI Worldwide (ACIW) traded up $0.51 during mid-day trading on Wednesday, reaching $23.21. 607,153 shares of the company’s stock were exchanged, compared to its average volume of 451,967. ACI Worldwide has a 52-week low of $18.68 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $2,752.22, a price-to-earnings ratio of 32.24, a P/E/G ratio of 4.58 and a beta of 1.30.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.22. ACI Worldwide had a net margin of 3.72% and a return on equity of 11.02%. research analysts predict that ACI Worldwide will post 0.5 EPS for the current fiscal year.

In other news, Director James Mcgroddy sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $23.07, for a total value of $692,100.00. Following the sale, the director now owns 88,896 shares in the company, valued at approximately $2,050,830.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 180,000 shares of company stock worth $4,069,200. Company insiders own 4.20% of the company’s stock.

Several institutional investors have recently modified their holdings of ACIW. Janus Henderson Group PLC acquired a new stake in shares of ACI Worldwide in the 2nd quarter valued at about $44,104,000. TimesSquare Capital Management LLC raised its stake in shares of ACI Worldwide by 58.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,618,035 shares of the technology company’s stock valued at $59,639,000 after purchasing an additional 966,935 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of ACI Worldwide in the 3rd quarter valued at about $19,178,000. Artisan Partners Limited Partnership raised its stake in shares of ACI Worldwide by 30.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,567,779 shares of the technology company’s stock valued at $35,071,000 after purchasing an additional 368,189 shares in the last quarter. Finally, Koch Industries Inc. raised its stake in shares of ACI Worldwide by 2,635.2% in the 2nd quarter. Koch Industries Inc. now owns 296,027 shares of the technology company’s stock valued at $283,000 after purchasing an additional 285,204 shares in the last quarter.

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About ACI Worldwide

ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

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